Buying the Madman
TME on the crash under the boom. The great volatility disconnect Something unusual is happening beneath the surface of equities. Defensive sectors are showing bubble-like behavior, US earnings moves keep exceeding what options price in, and Europe is paying up for volatility that rarely materializes. Meanwhile, the semiconductor washout is creating interesting upside opportunities, while The post…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
